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Filing year 2024

IGNITE TECHNOLOGY AND INNOVATION INC

Chicago, Illinois·EIN 82-2863800·NTEE S30 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$293k
Total assets
$250k
Total expenses
$269k
Reported officers
3
Mission

TO CREATE EQUITABLE WEALTH AND SHARE PROSPERITY IN UNDER RESOURCED COMMUNITIES WE DEVELOP AFFORDABLE ACCESSIBLE COFFEE AND COWORKING SPACES ENRICHED WITH CLASSES AND PROGRAMS. OUR PROGRAMS INSPIRE ENCOURAGE NURTURE AND GROW THE UNTAPPED IDEAS OF UNDERREPRESENTED ENTREPRENEURS BY

Reported officers (all unpaid)

No paid executives reported in 2024. IGNITE TECHNOLOGY AND INNOVATION INC reported 3 unpaid officers and board members on its 990.

Board of Directors
Board of Directors
President and Chairman
Pay in context

Top pay as a share of expenses

In 2022, the highest total compensation at IGNITE TECHNOLOGY AND INNOVATION INC equaled 7% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2022)
7%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 33%
from 2021

From $29k in 2021 to $38k in 2022.

$29k
2021
$38k
2022
In today's dollarsEst.
Up 24% in real terms$35k to $44k

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Chair pay rose 29% from 2021 to 2022, while revenue fell 12%.

$22k in 2021 to $28k in 2022.

Pay for the position itself, not any one person. The officeholder may have changed between 2021 and 2022.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

IGNITE TECHNOLOGY AND INNOVATION INC reported revenue and expenses across 4 filing years.

RevenueExpenses
$573k
$605k
2021
$503k
$511k
2022
$36k
$176k
2023
$293k
$269k
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Community Improvement & Capacity Building executives earn in Illinois

IGNITE TECHNOLOGY AND INNOVATION INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable community improvement & capacity building organization in Illinois earns a median of $87,917.

25th percentile
$42k
Median
$87,917
75th percentile
$166k
90th percentile
$292k

These are community improvement & capacity building sector-wide figures, not this organization's reported pay. Based on 435 organizations across 435 filings (2022 – 2024).

See full Community Improvement & Capacity Building pay data for Illinois

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FAQ

Common questions about IGNITE TECHNOLOGY AND INNOVATION INC

What are IGNITE TECHNOLOGY AND INNOVATION INC's revenue and expenses?

In 2024, IGNITE TECHNOLOGY AND INNOVATION INC reported $293k in total revenue and $269k in total expenses on its IRS Form 990.

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